My experience in the cryptocoins

[willrocks]

I've had technical knowledge of the internet for many years and I've heard of Bitcoin in the early days, but for some time I did not have that curiosity that was characteristic of an early adopter nerd. This was a high cost of opportunity as Bitcoin's growth is impressive, especially in 2017.

There is one side of me that sees skeptically and another that can see the disruptive proposal of the coin. For about 3 months I was watching the dynamics and signing some videos on Youtube. I signed the Fernando Ulrich channel and read some texts to understand how it worked: Buy / sell through an Exchance, Possibility to move to a wallet to "save" in safety and all other possibilities (trade, etc).

About 2 months ago I decided to try it and so far things are going well. At the end of September I was able to buy for USD 3,800 and then started to move towards USD 7,000, reaching USD 7,800 and then dropping to USD 7,200. I saw this fall as an opportunity to buy and I got more $ 10,000.00 for this price since my goal was to have at least 1 BTC. And to show that nothing in this market is predictable, the day after my purchase at USD 7200 it drops to USD 5800. It needs to have a stomach! But I looked again as an opportunity and went to buy more to reach my goal of having 1BTC. As it was a weekend, I had to wait for Monday to do a TED for Exchange (you do not need to talk about why Bitcoin is causing it in the global financial market as it is 24hrs). I got on the second to take to the Exchange and unfortunately that low was already at USD 6,400 and three days later had already risen again to $ 7,200.

I'm enjoying this joke and it's that maxim ... Only invest in BTC what you're willing to lose. I do not invest in BTC by expectation but by the promising and disruptive future! Everything is an ideological issue and I am comfortable with this movement.

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[kcirnhoj15]

Good thoughts If you are investor you don't need to panic if the market downs besides you should trust the market you have invested in and HODL. Remember that, once you trade something you should ready to take the possibilities and risks I was inspired by your message 

[shaw1]

Good thoughts If you are investor you don't need to panic if the market downs besides you should trust the market you have invested in and HODL. Remember that, once you trade something you should ready to take the possibilities and risks I was inspired by your message 

Agree completely with these thoughts.

OP, have you considered a slightly different approach to buying bitcoins than in a single lump sum?
If you employ dollar cost averaging, you can avoid at least some degree of the volatility, and likely save yourself some stress...

I'm not sure if you are aware of the concept, but it runs something like this:
Take a fixed amount of money, every day/week/month. Any fixed period of time. And buy bitcoin with it.

The amount should be a small one, and the purchases should be continued at the same rate, regardless of what the price is.

So by averaging things out, you will (hopefully) avoid buying a "peak", and pay the average cost of a bitcoin, for the period that you were purchasing.
The only downside is that you also lose out on the opportunity to purchase any of the "dips", that occur, as well.

But it's likely a safer approach. I don't think many people here are consistently good at timing the market. If they were, they'd have tens of millions of dollars, and be on a beach somewhere.

Sometimes it is better to just take a safe approach. 

[Angle22]

Good performance from you, it is worth to be imitated by everyone. But remember, we should not be too passionate in trading in bitcoin, play slowly, which is important we always get a profit.

[asm9060]

As i am new to bitcoin so i dont have much experience in bitcoin but i saw my friends using bitcoin and earning more profit in bitcoin where i can see much development in their life.

[pooya87]

This was a high cost of opportunity as Bitcoin's growth is impressive, especially in 2017.

we are not yet at the mass adoption stage where bitcoin is at its full potential so now and for more years we are still early adopters.
besides the 2017 rise was impressive but was not at all the biggest. we have had more impressive growths in the past. the number (ATH) is big that is why you think it is impressive.

I'm enjoying this joke and it's that maxim ... Only invest in BTC what you're willing to lose. I do not invest in BTC by expectation but by the promising and disruptive future! Everything is an ideological issue and I am comfortable with this movement.

i think you are overthinking everything and also you seem to be caught up in the price movement so much that you failed to learn more about bitcoin.

[Rambogae]

i have no experience about cryptocurrency

[riboku0105]

"Only invest in BTC what you're ready to lose." This is the way to control the psychology in this market. When you are willing to lose your investment you are not pressured to make the wrong decision.

[looterrific]

That's quite an insight right there. Well, it's clear that this market is one of the most volatile market in the world which makes it hard to predict. But profiting from this is really not that hard. Good thinking there OP

[thevlox]

I do not have much experience crypto coin Because I'm new to this cryptocurrency world. But in bitcoin many people invest in a lot and are in vain. money invested to listen to many quotes.

[Ikpirijor7]

That is a significant knowledge in that spot. Indeed, unmistakably this market is a standout amongst the most unstable market on the planet which makes it difficult to anticipate. In any case, benefitting from this is extremely not that hard. Great reasoning there OP

[keeee]

Good thoughts If you are investor you don't need to panic if the market downs besides you should trust the market you have invested in and HODL. Remember that, once you trade something you should ready to take the possibilities and risks I was inspired by your message 

Yes before we invest we must know those thing which may possible to happen like whats happening right now. Even bitcoin price was falling before you dont need to do panic selling because it will hust be your loss. Instead keep holding on it and wait until the price of bitcoin recover to get profit from it.

[5ensei]

Getting one bitcoin is more of a psychological thing as most people will be holding fractions of it instead. Once you have that bitcoin, it is easy to slip into gambling habits of investing into hyped altcoins to try and increase your bitcoin holdings. Be wary not to lose it all

[jeronimosuykens]

"Only invest in BTC what you're ready to lose." This is the way to control the psychology in this market. When you are willing to lose your investment you are not pressured to make the wrong decision.

It is a good idea to invest in Bitcoin by the amount of savings or the amount of free time that will help the investor feel comfortable and that is the key factor to make success easier. If you invest in Bitcoin with the loan amount, it is very bad because you will be subjected to a lot of psychological pressure, and I have honest advice for those newbies who never invest in bitcoin in the amount of money borrowing from others.

[iagyei259]

After this experience comes money making. It is impossible to become a good trader without loses or experience. As you have acquired experience like this , you applies it in your future trading activities

[hadveach]

wow, you always have a chance to get profit from bitcoin, and also you always get a chance to buy more bitcoins. and today bitcoin is worth $ 6650, and I think it's not a good time to buy bitcoin, because bitcoin will fall back to 5K.

I see that in the end, you have a bit of a loss, I hope it does not make you pessimistic, and patience is a good choice.

[Bumblecoin]

As i am new to bitcoin so i dont have much experience in bitcoin but i saw my friends using bitcoin and earning more profit in bitcoin where i can see much development in their life.

I am likewise too. I do not yet fully experience the greatness of cryptocurrency but I saw my friends too. And it is so inspiring seeing them from rags to riches.

[aryaadikariyansyahsuwarto]

so if we as investors feel the pain when bitcoin down. but we sharus more patient, because behind the patience there are satisfactory results .. !!

[kendra1107]

I've had technical knowledge of the internet for many years and I've heard of Bitcoin in the early days, but for some time I did not have that curiosity that was characteristic of an early adopter nerd. This was a high cost of opportunity as Bitcoin's growth is impressive, especially in 2017.

There is one side of me that sees skeptically and another that can see the disruptive proposal of the coin. For about 3 months I was watching the dynamics and signing some videos on Youtube. I signed the Fernando Ulrich channel and read some texts to understand how it worked: Buy / sell through an Exchance, Possibility to move to a wallet to "save" in safety and all other possibilities (trade, etc).

About 2 months ago I decided to try it and so far things are going well. At the end of September I was able to buy for USD 3,800 and then started to move towards USD 7,000, reaching USD 7,800 and then dropping to USD 7,200. I saw this fall as an opportunity to buy and I got more $ 10,000.00 for this price since my goal was to have at least 1 BTC. And to show that nothing in this market is predictable, the day after my purchase at USD 7200 it drops to USD 5800. It needs to have a stomach! But I looked again as an opportunity and went to buy more to reach my goal of having 1BTC. As it was a weekend, I had to wait for Monday to do a TED for Exchange (you do not need to talk about why Bitcoin is causing it in the global financial market as it is 24hrs). I got on the second to take to the Exchange and unfortunately that low was already at USD 6,400 and three days later had already risen again to $ 7,200.

I'm enjoying this joke and it's that maxim ... Only invest in BTC what you're willing to lose. I do not invest in BTC by expectation but by the promising and disruptive future! Everything is an ideological issue and I am comfortable with this movement.

Testing the waters is always the right thing to do especially if money is involved. A hands on experience will give us that real feeling on anything we think of doing and the knowledge we need in order to develop our trading skills. There will be loses in the learning process. But there will certainly be gains as well. How good we become as a trader depends on how eager we are to learn and how brave we are in taking risks. Something a genuine trader possess.

[Peashooter]

Good thoughts If you are investor you don't need to panic if the market downs besides you should trust the market you have invested in and HODL. Remember that, once you trade something you should ready to take the possibilities and risks I was inspired by your message 

Yes, you are right cause real investos you know how to face the risk and challenges in investing in bitcoin, and you never panic when the value is getting down you know how to handle in this kind of situation.